Lafarge gets $778m fine for supporting terror groups

Lafarge SA has been fined $778 million by the US Justice Department for supporting terror groups in Syria during the Syrian civil war.

In a statement, Lafarge and the parent company Holcim Group, stated thus:

“Lafarge SA and its defunct subsidiary Lafarge Cement Syria have agreed to plead guilty to one count of conspiring to provide material support to designated foreign terrorist organizations in Syria from August 2013 to October 2014”.

Source: Lafarge gets $778m fine for supporting terror groups – StocksWatch (stocksng.com)

Related Posts

08

Jan
Business & Economy

GTCO raises N209.41bn at first phase of equity capital raise programme

Guaranty Trust Holding Company Plc (GTCO) has made significant strides in its growth and expansion plans, completing the first tranche of its equity capital raise programme. The highlights of this milestone are as follows: Key Developments: CEO’s Statement: Segun Agbaje, the Group CEO, expressed gratitude to shareholders and regulators for their support. He highlighted the successful capital […]